Exim upbeat on year’s export reaching growth

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Exim upbeat on year’s export reaching growth

Corporate October 26, 2018 01:00

By   THE NATION

DESPITE OF A slowdown in September’s exports, the Export-Import Bank of Thailand (Exim Thailand) is confident that Thailand’s export will grow 8 per cent this year as expected, indicating Thai business operators’ ability to adjust with global situations.

Next year’s export growth is forecast at 4.5 per cent due to this year’s high base.

Pisit Serewiwattana, president of Exim Thailand, said that September’s Thai export slowdown as a result of last year’s high base came as expected earlier as the bank forecast a slowdown in the latter half of this year amidst concerns over the US-China trade war.

Meanwhile, new destinations, increased product value in four main industries – automobiles, electronics, machinery and oil-related products and both large- and small-sized Thai exports’ ability for short-term adjustment will help drive Thai export, he said.

In the medium to long term, he said that negotiations over principles of international trade will need follow-up in each country for Thai exporters and, then, adjustment will be needed.

“Now, portfolios of the bank’s customers have not yet been affected by the US-China trade war. Exporters have still adjusted themselves well in the short term. We’ve promoted them to expand markets to new destinations particularly CLMV (Cambodia, Laos, Myanmar and Vietnam), Africa, India, China and Canada. There has been faster adjustment than investment which needs some time,” he said.

Exim Thailand still maintains its loan growth target at 10 per cent and a target for outstanding loans at Bt100 billion this year.

In the first nine month of this year, the bank’s outstanding loan increased 12 per cent year-on-year to Bt96 billion. Next year’s outstanding loan is expected to grow no less than 10 per cent and new loan is expected to rise Bt11 billion.

The bank’s non-performing loan (NPL) stood at 3.65 per cent of total outstanding loan for the first nine months of this year. The bank has tried to control NPL at no more than 4 per cent or about 3.7-3.8 per cent of total outstanding loan, Pisit said.

As global volatility has heightened, Thai exporters have confronted more risks spaning from the trade war, money-market volatility, political conflicts and natural disasters which could affect foreign buyers with payment default, he said.

Recently, the bank has cooperated with Export Development Canada (EDC) to promote and increase trade value between Thailand and Canada, launching Exim IBD Global as revolving loan after export for SMEs. The maximum loan amount is Bt40 million.

In the first year, Exim Thailand targets to extend Bt1 billion of such loan or about Bt10-Bt20 million per customer for 50-100 customers.

PTTEP sees surge in Q3 net profit to Bt10.4 bn

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http://www.nationmultimedia.com/detail/Corporate/30357185

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PTTEP sees surge in Q3 net profit to Bt10.4 bn

Corporate October 26, 2018 01:00

By   THE NATION

PTT Exploration and Production Plc (PTTEP) reported net profit in the third quarter of this year at US$315 million (Bt10.4 billion), increasing by more than 100 per cent over the same period last year.

The company attributed the jump to the rising average selling price (ASP) aligning with the rally of global oil prices, as well as increases in sales volume mainly from the additional stakes from the Bongkot field acquisition.

The company endeavours to accelerate the development of pre-FID projects, capture mergers and acquisitions (M&A) opportunities and invest in new businesses to foster long-term and sustainable growth, the company’s CEO Phongsthorn Thavisin said in a press release yesterday.

He added that in the third quarter of this year, the company recorded recurring net income of $292 million (Bt9.66 billion), driven by improved average selling price of $47.67 per barrel of oil equivalent (per BOE), compared to $38.78 per BOE in the same period last year (Q3/2017). Also contributing to the jump was the increasing average sales volume of 304,940 barrels of oil equivalent per day (BOED), up from 298,139 from the same period of last year.

Meanwhile, PTTEP also recognised profits from non-recurring items at $23 million. As a result, the company’s net profit was posted at $315 million, compared to a net loss of $264 million for the same period last year.

For the nine-month performance of 2018, PTTEP generated revenues of $3.96 billion, growing by 22 per cent from $3.25 billion compared to the same period last year, primarily due to higher average sales volume and average selling prices. Net profit for this period was at $851 million, representing a more than 100 per cent increase comparing to $305 million last year and which recognised loss from the impairment of assets.

To date, the company has generated operating cash flow of $2.264 billion, with ending cash and cash equivalents at $3.8 billion, while the debt-to-equity ratio was about 0.17 times. According to this robust financial position, the company is able to accommodate planned investments, including expenses for the development of key projects in its portfolio, targeted M&A deals and new business opportunities, said Phongsthorn.

He added that strong operating performance reflected the success of the company’s investment strategy commitments to refocus its key strategic areas, including Southeast Asia. Increasing stakes in the Bongkot field, its core producing project, enabled higher sales volumes with immediate cash flow.

The company continues prioritising strategic investing throughout the M&A and in exploration blocks within petroleum prolific areas in both the Middle East and Southeast Asia.

“To be agile and able to maintain our sustainability amid changes and disruption of the industry landscape we prepared our readiness via organisational transformation, and will capture new investment opportunity mainly in E&P-related businesses with existing market such as gas-to-power projects, as well as potential investments in AI and robotics, and renewable energy,” said Phongsthorn.

Regarding their bids for expiring concessions in both Bongkot and Erawan fields, PTTEP has solely submitted a bid for Bongkot, while partnering with Mubadala Petroleum (Thailand) Ltd, which also operates an oil and gas field in the Gulf of Thailand, to bid for Erawan. The bid results are to be announced later this year, and PTTEP is ready to be the operator in both fields.

In addition, PTTEP endeavours to accelerate the development of key pre-FID projects, especially the Mozambique Rovuma Offshore Area 1. The project has made progress, including building an onshore liquefied natural gas (LNG) liquefaction plant. As well, PTTEP are finalising sales and purchase agreements (SPA) with joint venture partners.

They include a proposed SPA with Tohoku Electric Power for an increase of 280,000 tonnes per annum and with Electricite de France to purchase volumes up to 1,200,000 tonnes per annum. A final investment decision is expected in the first half of 2019, while production is anticipated to commence in 2023.

Samart partners with IBM for AI-backed cybersecurity service

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  • Watchai during the launch of SECUREiNFO yesterday.

Samart partners with IBM for AI-backed cybersecurity service

Corporate October 26, 2018 01:00

By   SIRIVISH TOOMGUM
THE NATION

SAMART CORP’S cybersecurity service provider has partnered with the world’s IT giant IBM to launch an Artificial-Intelligence-backed cybersecurity service to tap local, private and state agencies.

Samart yesterday officially debuted SECUREiNFO, its “total cybersecurity solution provider”, operating under its flagship ICT solutions provider Samart Telcoms.

The SECUREiNFO service portfolio offers managed security services, cybersecurity risk assessments and cybersecurity consulting, along with security education and training.

For the managed security service, the company’s cybersecurity operation centre has partnered with IBM Security, a business unit of IBM, on an exclusive basis to offer what they say is a world-class cybersecurity service on a 24-hour basis.

The centre is drawing on the IBM AI, namely “Watson”, and also IBM’s threat intelligence system, as key tools in the service.

Samart’s president Watchai Vilailuck said yesterday that Samart aims the new unit to be in the top three cybersecurity solutions providers within five years.

The cost of the new company’s development is Bt200 million. Its launch is in line with the rising global threat from cyberattacks as the world, including Thailand, becomes increasingly digitalised.

Worldwide spending on cybersecurity systems last year reached above US$100 billion (Bt3.3 trillion). Such spending in Thailand this year is estimated at $240 million, with forecast yearly growth of 12 per cent.

State agencies will be the initial target of the company’s services, says Watchai.

Yesterday Watchai invited potential customers from state and private sectors to visit the centre.

“We expect to secure between 10 to 20 customers next year,” he said, adding that SECUREiNFO hopes for revenues of between Bt50 million and Bt100 million in the next couple of years.

Chowalit Tinnagonsutibout, SECUREiNFO’s head of cybersecurity operations, said that instead of heavily investing their own money in cybersecurity facilities, organisations could save costs by outsourcing the task to his company.

Digital makeover for traditional businesses gains ground

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Technology enables a lone employee of Sats in Singapore to move several wheelchairs at the same time. The company, which operates in the city state’s Changi airport, aims to make the provision of wheelchairs for passengers more efficient. 
Technology enables a lone employee of Sats in Singapore to move several wheelchairs at the same time. The company, which operates in the city state’s Changi airport, aims to make the provision of wheelchairs for passengers more efficient.

  Digital makeover for traditional businesses gains ground

Corporate October 26, 2018 01:00

By   WICHIT CHAITRONG
THE NATION

SMALL and medium-sized enterprises in Singapore are seizing on the opportunities presented by Internet of Things technology as part of efforts to digitalise traditional businesses ranging from airport gateway services to restaurants.

Among the companies making this leap is Sats Ltd, which uses a small cargo robot, known as an automated guided vehicle (AGV), that can follow company staff on their rounds supplying food to airlines lounges in Singapore’s Changi International Airport.

“It makes the job much easier and fun,” said Tan Yen Ling, manager public affairs and branding at Sats, which provides gateway services and food services in the airport.

Making use of so-called follow me technology from Japan, the AGV can recognise the legs of an operator when he or she walks and begins to follow automatically. The machine operator does not need to push or drag the robot, which is power by electricity.

Exploiting this concept, the company is testing new kinds of wheelchairs that can follow each other. One worker can control several wheelchairs at the same time. This innovation can save on costs and time when air passengers need wheelchairs to get on and off a plane.

Currently, only one worker can handle a wheelchair at the same time. The follow me technology will boost productivity, Tan said.

The company is also introducing virtual and augmented reality technology to help train new workers on aspects of ground control operations.

Wahid Spyke Allapitchay, who owns the Task Tish Tosh restaurant in the popular tourist district of Kampng Glam, said that he began digitalising his restaurant business three to four months ago.

“My restaurant is small and has only a few tables, so my task is to get more customers and serve customers their food faster ,” he said. Toolang dishes, based around bone marrow, are the most items on the menu at his food shop.

Under the old practice, the customers would come in and waiters take the orders, which ended up on two pieces of paper – one for the chef and the other for the front counter.

With the new system, customers can order electronically, resulting in a saving of seven minutes – a lot for a restaurant operator, Allapitchay said

When his staff are not busy they go on social media and act as brand ambassadors to promote the restaurant, he said.

Saeid Labbafi, chairman of One Kampong Gelam Association (OKG) and owner of a carpet shop, has also digitalised his business. He said it increased sales and customers can also buy online, swayed by the presentation of a story behind each unique piece of carpet.

He also plans to incorporate virtual and augmented reality technologies into his business as these capabilities would allow potential buyers to match carpets with the furnishings and furniture in their rooms before buying.

Allapitchay and Labbafi are the among shop owners who have participated in “Kampong Glam: Singapore’s First Digitally enabled Retail Neighbourhood”. The project is supported by the Infocomm Media Development Authority (IMDA), Enterprise Singapore (ESG), the Singapore Malay Chambers of Commerce and Industry (SMCCI), OKG and industry partners.

Kampong Glam is traditional neighbourhood rich in culture and heritage and is one of Singapore’s major tourist hot spots.

There are about 600 shops in Kampong Glam; so far, 180 have joined the project, which started in November last year, according to the SMCCI.

The digitalisation project promotes cashless payment and enhances merchants’ presence on Google Maps to improve their discoverability. To service visitor betters, a self-guided story-telling and discovery experiential mobile app is also available. An app for integrated logistics solutions is also available for merchants. Moreover, integrated point-of-sales system will enable merchants to manage accounting, customer relations management and inventory management in a seamless and co-ordinated way the SMCCI said.

NOD TO BOND ISSUE

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http://www.nationmultimedia.com/detail/Corporate/30357192

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NOD TO BOND ISSUE

Corporate October 26, 2018 01:00

By The Nation

Gulf Energy Development Plc’s board of directors has approved a proposal to issue 10-year debentures worth Bt10 billion for business expansion, according to the company’s report to the Stock Exchange of Thailand yesterday.

The company will seek shareholders approval at a meeting on November 27, it said.

True delivers on push into emerging robotics sector

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Songtham Phianattanawit, second from left, managing director of IoT business at True Corporation, is with executives showing off the Relay robot during a presentation on the device’s capabilities for delivery services.
Songtham Phianattanawit, second from left, managing director of IoT business at True Corporation, is with executives showing off the Relay robot during a presentation on the device’s capabilities for delivery services.

  True delivers on push into emerging robotics sector

Corporate October 26, 2018 01:00

By JIRAPAN BOONNOON
THE NATION

  TRUE Corporation has entered into the robotics market with the release of what it says is the first autonomous delivery robot in Thailand.

The company expects to distribute 50 of the robots, called Relay, within the next three years. It also plans to bring out in-house robotics for the Thai market next year.

Songtham Phianattanawit, managing director of IoT business at True Corporation, said that the robotics industry in Thailand is an emerging market. The firm has joined with Savioke, which developed the autonomous robot, and is the sole distributor in Thailand.

The firm in the first step is providing the Relay robot, which is targeted at operators requiring delivery services in sectors such as hotels, premium condominiums, service apartments, high-rise buildings, hospitals, logistics, and manufacturing with assembly line operations.

The Relay robot is 90 cm high, 60 cm wide and 40 kg in weight. It moves smoothly in indoor environments and has a working time of around fours hours before its battery runs out.

“I think that the robotics business will help us expand our Internet of things (IoT) solutions to the market. We have around 10 IoT solutions available in the market such as for smart city, smart logistics and smart services solutions to support the market nationwide,” said Songtham.

He said that the firm will provide robots in the market for sale and rent. The robot will be priced around Bt1 million per unit.

For the rental services, prices start from Bt30,000 a month and up to Bt100,000, depending on customers’ needs.

He said that the firm by the end of this year expects to generate revenue from its business unit of around Bt1 billion. Of the 50 or so robots that the company expects to distribute over the next three years in Thailand, around 90 per cent of them will be rented out. The firm is also interested in investing in Savioke at a later stage.

Matthew Festo, senior director, partnerships and sales for US-based Savioke, said Thailand is the second country in Southeast Asia, after Singapore, where it is providing its robots.

Teerapon Tanomsakyut, chief innovation and sustainability officer at True Corporation, said that the firm began developing in-house robots three years ago and has invested more than Bt20 million into the project. It plans to come out with a new robot for the Thai market next year.

Technicalbiomed to expand market share by turning Thailand into beauty hub

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Warut Suttinan, managing director of Technicalbiomed Co Ltd
Warut Suttinan, managing director of Technicalbiomed Co Ltd

Technicalbiomed to expand market share by turning Thailand into beauty hub

Corporate October 25, 2018 21:01

By The Nation

“Technicalbiomed” plans to expand its market share in cosmetic surgery as well as in obstetrics and gynaecology segments by turning Thailand into an Asian hub for aesthetics and beauty.

Warut Suttinan, managing director of Technicalbiomed Co Ltd, an importer and distributor of aesthetic medical devices in Thailand, said: “Thailand is now recognised as a hub of beauty in Asia. The markets for both innovations and cosmeceuticals are growing. In 2017, the medical devices market had a total value of more than Bt1.6 billion, which rose at least 6 per cent in 2018. Each year, many foreigners come to Thailand for the service, and as a result the aesthetic market in Thailand is continually growing.

“The definition of aesthetics in the future will shift from taking care only of the external appearance to overall health-consciousness, focusing on the restoration of inner health and overall wellbeing. The drift is already taking place. You can notice that many clinics have started to make some changes in the services they offer, such as hair transplants, feminine health, snoring solutions and stem-cell therapy. These services are very popular in the United States and Europe. Though, Thailand is still early in the game, these services project the market trend in Thailand, and soon these innovations will play an important role in our everyday lives,” he added.

According to Warut, Technicalbiomed has utilised the direct sales model via clinics and hospitals in the past. It is very important to have a qualified physician test the device to see if it works with Thai people’s skin type before presenting it to customers. Meanwhile, cosmetics brand Dermo28, which was brought to Thailand by Technicalbiomed, has also has been receiving a good feedback and has started expanding its market by targeting elite spas and hotel chains.

Technicalbiomed’s growth rate is around 10 per cent per year and it is expected that total sales this year will be around Bt100 million.

The company has also started expanding in the plastic surgery segment to include liposuction and fat graft, hair transplants and gynaecology. It also plans to extend its distribution via a digital platform by adding new business models.

US shoe brand prepares to open Thai store

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US shoe brand prepares to open Thai store

Corporate October 25, 2018 19:27

By The Nation

Skechers, an American footwear company, is gearing up to release an updated version of its D’Lites 3.0 sneaker in Thailand.

It is also announcing the appointment of teen idol, Itthipat “God” Thanit, as Skechers’ Thailand brand presenter. He is helping introduce the Skechers Concept Store at Central World.

“We are delighted to present D’Lites 3.0, an updated version of the classic D’Lites and its timeless design, to a new generation of young Thais,” said Vincent Leung, regional president of Skechers. “It’s a trend driven take on the original D’Lites that features an oversize, chunky outsole that comes in a striking black, white and green.”

Itthipat, an actor and model, is fully in line with Skechers’ young, trendy brand image via the store on Central World’s third floor in Zone B.

TCP Group launches ‘The Power of Real Men’ campaign

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Surachai Chonglertvarawong, TCP Group’s Thailand country director
Surachai Chonglertvarawong, TCP Group’s Thailand country director

TCP Group launches ‘The Power of Real Men’ campaign

Corporate October 25, 2018 19:12

By The Nation

TCP Group, a Thai-owned global corporation which manufactures and markets the popular Krating Daeng energy drinks, has launched a major marketing campaign to end 2018, the company said in a press statement released on Thursday.

 With an investment of more than Bt80 million, the group has kicked off “The Power of Real Men” promotional initiative. The campaign has a new commercial entitled “Unleash a Bull’s Force”, which is aimed at working consumers who are fans of the energy drink brand.

The campaign’s objective is to encourage people to overcome life’s challenges and obstacles as they move towards the goals they have set themselves, in the hope that it will help bring the market for energy drinks back to its sensational best during the last quarter of 2018.

Surachai Chonglertvarawong, TCP Group’s Thailand country director, said: “To renew brand awareness and get the energy drinks market back to exciting sales levels during the last quarter of 2018, we have invested over Bt80 million in a major campaign to bid farewell to the year.

“As part of our campaign, we have launched the ‘Unleash a Bull’s Force’ commercial to reinforce Krating Daeng’s position as a brand that reaches out to and understands its customer target group. We target working people aged between 25 and 40.

“Krating Daeng is also inviting consumers to take part in an exciting sweepstakes worth over Bt1 million, initiated to help fans’ cost of living and give back to supporters. The first prize is a Toyota Revo pickup truck worth Bht 679,000.”

“Everybody can participate by simply adding ‘Krating Daeng’ on Line Official and texting a code found under the bottle-caps of the products via Line Official, which is free of charge from today until January 24th, 2019,” Surachai said.

“The ‘Unleash a Bull’s Force’ commercial is part of ‘The Power of real Men’ campaign, which forms the heart of our principal communication strategy to encourage working heroes to keep working hard and unleash the bullish force inside them, because we realize that many people have to face obstacles in their lives. In particular, there are those who work hard for a better life.

“We at Krating Daeng believe that everybody possesses an inner force. It’s simply a matter of time for this hero force shows itself. That’s why we want to give people encouragement. That’s why we campaign for people to overcome life problems and obstacles as they move towards the goals they have set themselves. With the concept of ‘unleash the force of a bull within you’, we encourage people to try and overcome the obstacles they face every day with their inner hero energy. We want people to persevere in the face of all obstacles. We want everybody to get ready to confront and defeat every obstacle in order to eventually become The Power of Real Men,” Surachai added.

Thailand’s energy drinks market is around Bt22,000 million in value. Considering the campaign, TCP Group is confident that by the end of 2018, Krating Daeng will grow in contrast to the overall market trend.

The campaign will also contribute to the strength of the energy drinks category as TCP Group moves towards projected sales of Bt100,000 million in an effort to be one of Thailand’s noteworthy companies on the world stage.

ThaiBev has good reason to toast its success

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Kosit Suksingha, executive vice president at Thai Beverage
Kosit Suksingha, executive vice president at Thai Beverage

ThaiBev has good reason to toast its success

Corporate October 25, 2018 19:03

By The Nation

Thai Beverage has seen continued growth under its Vision 2020 to solidify its position as the largest beverage company in Thailand and Southeast Asia, executive vice president Kosit Suksingha said in a press statement released on Thursday.

To build awareness of its brands in the Thai market and abroad, marketing activities were rolled out on multiple platforms based on the diverse lifestyles of its target consumers, Kosit said. New products were also introduced to the markets, leading to a favourable performance of the group.

Chang continued to be the top-of-mind brand for three years running, based on a study by global market research company IPSOS. It also delivered a superb online performance, having secured “Best Brand Performance” award in the Beverage (Alcohol) category for “Chang World” Facebook page at Thailand Social Awards 2018. The page currently has 1,487,661 followers.

Moreover, the brand won two international awards this year: Chang Beer and Chang Natural Mineral Water were honoured with a Gold Quality Award 2018 in Beers, Waters & Soft Drinks category by Monde Selection; and Chang Beer received a Silver award at World Beer Championships 2018 by Tastings.com.

The two recent awards reaffirmed its internationally-recognised quality and taste, adding to an earlier recognition of Chang Beer late last year as Thailand Country Winner in Lager Beer category at World Beer Awards 2017.

All these achievements resulted from the philosophy of Thai craftsmanship – Lamiat – in every work process, from product development to packaging and branding to make it the favourite brand in Thailand and abroad, the company said.

Chang communicated this commitment through its global campaign with “Lamiat” concept. As well, it created experiential marketing activities to engage Thai and international consumers on numerous platforms across areas of interests, including sports, food, music, and lifestyle, the company added.

In Thailand, these activities included its continued focus on football marketing. As an active supporter of the game, Chang was a key sponsor to bring live broadcast of 2018 FIFA World Cup matches to Thai audience, plus a virtual stadium created for football fans to enjoy watching the game during this tournament.

The brand is an official sponsor of Thailand’s national football team and 23 football clubs in the Thai League.

In the international football scene, Chang is the Official Beer Partner of Leicester City FC, which gives it an international brand exposure and continue to strengthen the national pride in this Thai beer.

In food and dining, Chang reiterated itself as a perfect match for all cuisines through food festivals held in Thailand and overseas, such as Chang Sensory Trails and Food Park.

A video series ‘Alungkarn Jarn Chang” was also produced for online broadcasting, seeing the hosts travelling across Thailand in search of great dishes. To complete consumers’ experiences by means of music, Chang connected people via Chang Music Connection concerts and broadened their world of music with world-class deejays and top artists at many memorable Chang Carnival events.

The brand also continued to establish itself internationally, including markets like Singapore, Vietnam, Myanmar, Hong Kong and United Kingdom.

Federbräu received great response from its target consumers following the release of redesigned packages and labels in favour of a more contemporary, more premium look. The brand won two international awards: a Silver Quality Award 2018 in Beers, Waters & Soft Drinks category by Monde Selection and a Gold award at World Beer Championships 2018 by Tastings.com.

Earlier in late 2017, it was recognised as Thailand Country Winner in Lager Beer – German Style Pale category at World Beer Awards 2017 and won a Design and Packaging award at International Beer Challenge 2017.

The brand’s achievements can be attributed to its successful branding, product development, and lively marketing campaigns targeted directly at premium beer consumers, such as a collaboration with What The Duck music label to feature their artists in Federbräu’s Smoothness Society campaign, the company said.

Towards the end of this year, Federbräu has two world-class happenings on slate, namely Oktoberfest and Bangkok Art Biennale (BAB), which marks the first time the art exhibition Biennale comes to Thailand.

ThaiBev Beer Product Group also launched Tapper Original X-Tra this year to strengthen its brand portfolio further. The brand is distinctively positioned as a new lager beer with high alcohol content of 6.5 per cent. Combined with contemporary package design, it garnered positive response from the consumers, as evident from the feedback on online social media.

“ThaiBev Beer Product Group will keep its marketing lively with a consistent flow of fresh experiences created for the consumers. We will continue to drive our growth in Thailand and internationally while introducing innovations to the markets on a regular basis, starting with a special collection of Chang Beer that reflects our high craftsmanship in every production process and only the best offerings to our consumers. This special collection will be released for the New Year festival. From Federbräu, a new, premium German wheat beer Federbräu Weissbier will be introduced. We believe the responses will be great as previously,” Kosit said.

ThaiBev Beer Product Group has already established itself as the leading brewer in Southeast Asia following the company’s acquisition of Vietnam-based Saigon Beer-Alcohol-Beverage Corp (Sabeco) late last year.